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Will US tech pay fall to Indian levels?

Ultimately, says economics, America could become India, thanks to offshoring.

Say what?

OK, so we're exaggerating, as all theory tends to do when considered in isolation from reality. But an increasingly louder voice of warning is being heard in the US, saying that the creation of a global pool of knowledge workers - where Seattle is no different from Bangalore - will equalise compensation level for such workers...